TO MY READERS:
You know that now and then I see some great article and want to share it with you.
Here is such an article. The writer, Richard, is a connoisseur of fine cars. In fact, Richard has a website called Legendary Collector Cars. Take a read and see what you think of his discussion on the future collector cars we will be buying in the next 10 years.
Richard, take it from here!
Legendary Collector Cars
Top 10 Collector Cars for 2010-2020
Posted: 01 Jan 2010 05:20 AM PST
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Do you remember all the squawk over the New Millennium back in 1999? It seemed no one believed the World would survive the changing of our calendars to the year 2000. All of our computers were predicted to spit up little micro chips and die; airplanes were going to fall out of the sky and our new computer driven cars would stall at the tick of midnight. Didn’t happen!
However, the New Millennium did bring some changes to our car world over the past 10 years. We witnessed the rebirth of the Camaro and the Challenger. You can now go to your local new car dealership and purchase a new muscle car with over 500HP! We almost, and still may, loose one or two of the Big 3 car manufactures. Some of the cars we loved have already died. There is never going to be another Oldsmobile 442, Pontiac GTO or Trans AM. Even some of what is left at GM and Chrysler will likely still go away.
What about the car hobby? In 2000 did you ever think Rat Rods would be the hot collector car? Did you think a Barrett Jackson car auction would be broadcast live on TV for 5 consecutive days?
What will the new decade bring?
I don’t have a crystal ball and no special insight to the collector car market but I do love cars and think I have a perspective that isn’t much different than a lot of the car hobbyist. There are those who collect for investment and there are those who collect for fun and enjoyment. My Top 10 Collector Cars for 2010-2020 is for the average car guy and is just a guess on my part based on what I want. These are the cars the average Joe will purchase and can afford. I am not trying to predict how to save your 401k with a single purchase. No million dollar get rich quick cars in this pick.
Top 10 Collector Cars for 2010-2020
These are not presented in any order. I believe the economy’s questionable condition will have a major impact on our hobby for at least the first half of the decade. Most of us will be focusing on cars that can be driven and used. Few of us will be investing large sums of money in things we can’t use and have fun with. I also believe that there will be a change in what is cool to own. We have seen the development of the Rat Rod rage, station wagons are hot, trucks are rapidly growing in popularity, our population is aging and the price of cars will drive most of us to look for something that is unique and priced right. The high end museum collectors will still pay big bucks and will be looking for the rare and memorable cars of the past. The rest of us will be looking to have fun and drive the wheels off our cars before the gas is gone and electric outlets replace parking meters.
It is a simple law of supply and demand. If we can’t afford a numbers matching Hemi powered 1969 Dodge Daytona with its extended sloped nose and gigantic rear wing, we will need to look else where. Because more collectors want these cars than there are cars the price goes up until the demand and price balance out. That leaves the rest of us looking for alternatives. Fewer collectors have yet to start salivating over these cars so the prices have stayed down slightly. That’s why we will be looking for them to go up in the next 10 years!
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There. Now, go to his site to read about the top 10. It only takes a minute and then you will be hooked on "Legendary Collector Cars" web site.
My thanks to Richard for his article. I really agree with his choices, although I miss seeing the early Mustangs as one of his up-and-coming collector cars. They are still quite inexpensive to find a nice, rust free, Mustang. $10,000 will find you a clean one! Fastbacks and convertibles are more, of course.
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